Assistant Branch Manager, Banking
Salary

Median pay for Assistant Branch Managers of Banking in the United States is around $40K annually. Overall cash earnings for Assistant Branch Managers of Banking stretch from $31K on the lower end to $54K near the top, and the heftiest packages can encompass around $6K from bonuses and $4K from profit sharing. This group's pay is mainly influenced by the particular firm, followed by geography and experience level. Most enjoy medical while a large number get dental coverage. Vision coverage is also available to a majority. Female Assistant Branch Managers of Banking make up most of the survey respondents at 71 percent. Job satisfaction is high and work is enjoyable for most Assistant Branch Managers of Banking. The data for this snapshot was collected from individuals who took PayScale's salary survey.

XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).

XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).

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Job Description for Assistant Branch Manager, Banking

As an assistant branch manager for a bank, there are several responsibilities which are typical. Hiring, training, and supervising customer service representatives and financial service manager is a major part of this position. The assistant branch manager must also fulfill duties to gain and retain customers, by heeding to the highest standards of customer service. Daily operational activities that branch managers perform include monitoring branch financial activities, performing audits, reviewing reports, and managing cash levels. Assistant branch managers also work to enforce banking regulations and oversee bank security measures. Assistant branch managers work within the banks which employ them. Co-workers include all lower level operational employees of the bank including security, tellers, personal bankers, financial advisers, etc. In addition, the assistant branch manager must work alongside the branch manager to ensure the smooth day to day operations of the bank. Communication with corporate about news, new developments, changing regulations, and other related business information are also a part of the job. Educational requirements may vary. The minimum educational requirement for this position is a high school diploma, but many banks require or prefer a four year degree. Banks tend to be somewhat lenient in the type of degree required for such positions, but finance, business, mathematics, and economics degrees are the most desirable. In lieu of a degree, managerial experience may translate well into this position. Employers typically require two to five years of managerial experience when considering applicants for assistant branch manager positions. A typical work week is a forty hour, 9 to 5. Some extra hours may be needed at certain times and assistant managers may sometimes need to work hours on certain Saturdays as well.

Common Career Paths for Assistant Branch Manager, Banking

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Assistant Branch Managers of Banking who transition into a Bank VP or Branch Manager role may receive large pay increases as the latter position pays an average $71K per year. Career advancement for the typical Assistant Branch Manager of Banking often leads to becoming a Banking Branch Manager or a Bank Manager; median salaries in these positions are $10K higher and $15K higher, respectively.

Assistant Branch Manager, Banking Job Listings

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Popular Employer Salaries for Assistant Branch Manager, Banking

Dominating the field, Bank of America Corp. (BOFA), Chase Bank, J.P. Morgan Chase & Co. (JPMCC), Citibank, and The PNC Financial Services Group, Inc. are top firms with a reputation for hiring a great number of Assistant Branch Managers of Banking. Salary cannot be beat at Citibank, where median pay comes to $49K. The range seems somewhat confined, however; the lower end sits at $37K, and the higher end is not far away at $63K. Comerica Bank, New York Community Bank (NYCB), and Bank of America Corp. (BOFA) are a few other companies that offer generous salaries, with Assistant Branch Managers of Banking earning around $47K, $46K, or $46K at each firm, respectively.

Not only do salaries lack room to grow — pay ranges from $26K to just $42K — but First Convenience Bank offers the lowest pay in town to boot, with a median paycheck of $33K. Woodforest National Bank, Citizens Financial Group, Inc., and Wells Fargo Bank also scrape the bottom of the pay scale, with median earnings hovering around $36K, $38K, and $38K.

Popular Skills for Assistant Branch Manager, Banking

This chart shows the most popular skills for this job and what effect each skill has on pay.

Survey participants wield an impressively varied skill set on the job. Most notably, skills in Sales Management, Mortgage Loans, Operations Management, and Sales are correlated to pay that is above average, with boosts between 3 percent and 5 percent. Skills that seem to negatively impact pay include People Management. Most people who know Banking also know Operations Management and Leadership.

Pay by Experience Level for Assistant Branch Manager, Banking

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Experience does not seem to be a strong driver of pay increase in this role. Those who have worked for fewer than five years take home a median salary of $39K, and workers with five to 10 years of experience earn a higher $41K on average. On average, Assistant Branch Managers of Banking make $43K following one to two decades on the job. Veterans who have acquired more than 20 years report a median income of $45K, which is generally higher than the pay reported by other tenure groups.

Pay Difference by Location

New York is home to an above-average pay rate for Assistant Branch Managers of Banking, 27 percent higher than the national average. Assistant Branch Managers of Banking can also look forward to large paychecks in cities like Los Angeles (+21 percent), Boston (+17 percent), San Diego (+13 percent), and Dallas (+13 percent). Indianapolis ranks last in the field for pay, reporting salaries 4 percent below the national average.